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14 Companies Increasing Dividends

PG, AXP lead a solid list of companies raising payouts for the week

   

With earnings season now in high gear, more companies are supplementing their quarterly reports with increases in their dividend payouts to investors.

IncreasingDividends 14 Companies Increasing Dividends Leading the pack this week were financial services company American Express (NYSE:AXP), and dividend king Procter & Gamble (NYSE:PG) who added another year of dividend increases to its 55-year streak. The week also saw increases across several oil and gas master limited partnerships and regional financial institutions.

In all, 14 companies made it onto our Companies Increasing Dividends list this week. (Note: Dividend yields are as of April 19).

Financial services giant American Express (NYSE:AXP) raised its dividend 15% to 23 cents per share beginning in the second quarter. No formal payout or ex-dividend date was announced.
AXP Dividend Yield: 
1.37%

Water heating equipment manufacturer A.O. Smith (NYSE:AOS) raised its quarterly dividend 20% to 24 cents per share, payable May 14 to shareholders of record on April 29. The increase represents AOS’s 8th consecutive annual increase. The company also announced a 2-for-1 stock split effective April 30.
AOS Dividend Yield: 1.38%

Risk manager and insurance provider AON (NYSE:AON) raised its quarterly dividend 11% to 17.5 cents per share, payable May 15 to shareholders of record on May 1.
AON Dividend Yield: 1.16%

Bank financial holding company Cardinal Financial (NASDAQ:CFNL) raised its quarterly dividend 20% to 6 cents per share, payable May 17 to shareholders of record on May 2.
CFNL Dividend Yield: 1.54%

Interstate natural gas transmission company El Paso Pipeline Partners (NYSE:EPB) raised its quarterly dividend 22% to 62 cents per share, payable May 15 to unit holders of record on April 29. The increase is the 20th consecutive quarterly increase.
EPB Dividend Yield: 5.65%

Full service bank and wealth management firm First Republic Bank (NYSE:FRC) raised its quarterly dividend 20% to 12 cents per share, payable May 15 to shareholders of record on May 1.
FRC Dividend Yield: 1.3%

Energy transportation and storage provide Kinder Morgan, Inc. (NYSE:KMI) raised its quarterly dividend 18.75% to 38 cents per share, payable on May 16 to shareholders of record on April 29.
KMI Dividend Yield: 3.93%

Protective coatings and specialty products company PPG (NYSE:PPG) raised its quarterly dividend 3% to 61 cents per share, payable June 12 to shareholders of record on May 1.
PPG Dividend Yield: 1.73%

Global consumer brand products supplier Procter & Gamble (NYSE:PG) raised its dividend 7.7% to 60.15 cents per share, payable May 15 to stockholders of record on April 26, with an ex-dividend date of April 24. The increase is the 56th consecutive year in which PG raised its annual dividend.
PG Dividend Yield: 2.96%

Mid-Atlantic based financial bank holding company Susquehanna Bancshares (NASDAQ:SUSQ) raised is quarterly dividend 14% to 8 cents per share, payable on May 20, 2013 to shareholders of record on April 30. The increase is the 6th consecutive quarterly rise.
SUSQ Dividend Yield: 2.77%

Midstream energy assets developer Targa Resources (NASDAQ:TRGP) raised its quarterly dividend 8% to 49.5 cents per share, payable May 16 on all outstanding common shares to holders of record on April 29.
TRGP Dividend Yield: 2.94%

Limited partnership energy company Targa Resources Partnership (NYSE:NGLS) raised its quarterly dividend 3% to 69.75 cents per share, paybale May 15 on all outstanding common units to holders of record on April 29.
NGLS Dividend Yield: 5.86%

Midstream energy and asset Master Limited Partnership company Western Gas Partnership (NYSE:WES) raised its quarterly payout 4% to 54 cents per share, payable May 13 to unit holders of record on April 30.
WES Dividend Yield: 3.69%

Home appliances manufacturer Whirlpool (NYSE:WHR) raised its quarterly dividend 25% to 62.5 cents per share, payable June 15 to stockholders of record on May 1.
WHR Dividend Yield:
2.17%

Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing he did not hold a position in any of the aforementioned securities. For more payout winners, see previous weeks’ list of Companies Increasing Dividends.


Article printed from InvestorPlace Media, http://investorplace.com/2013/04/dividend-increases-week-of-april-15-pg-axp-aon-cfnl-aos/.

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